Iraq: Cow Peas Market 2024

Cow Peas Market Size in Iraq

The Iraqi cow peas market skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption saw modest growth. Cow peas consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cow Peas Production in Iraq

In value terms, cow peas production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of cow peas (dry) in Iraq shrank to X tons per ha, which is down by X% on the previous year. In general, the yield saw a slight decline. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. Over the period under review, the average cow peas yield reached the maximum level at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cow peas (dry) in Iraq was estimated at X ha, remaining stable against 2021 figures. Overall, the harvested area showed a deep reduction. The growth pace was the most rapid in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to cow peas production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Cow Peas Exports

Exports from Iraq

For the sixth consecutive year, Iraq recorded growth in overseas shipments of cow peas (dry), which increased by X% to X tons in 2022. Over the period under review, exports, however, showed a deep contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, cow peas exports surged to $X in 2022. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Iceland (X tons) was the main destination for cow peas exports from Iraq, accounting for a approx. X% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Iceland was relatively modest.

In value terms, Iceland ($X) emerged as the key foreign market for cow peas (dry) exports from Iraq.

From 2014 to 2022, the average annual growth rate of value to Iceland was relatively modest.

Export Prices by Country

The average cow peas export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The export price peaked at $X per ton in 2021, and then fell dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Iceland.

From 2014 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Cow Peas Imports

Imports into Iraq

In 2022, the amount of cow peas (dry) imported into Iraq surged to X tons, picking up by X% against 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cow peas imports surged to $X in 2022. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Madagascar (X tons) constituted the largest supplier of cow peas to Iraq, accounting for a X% share of total imports. Moreover, cow peas imports from Madagascar exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Egypt (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Madagascar amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

In value terms, the largest cow peas suppliers to Iraq were Madagascar ($X), the United Arab Emirates ($X) and China ($X), together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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